Australia’s Largest Phosphate Resource VRM, page-26

dap prices break through $500 for the first time since 2015

https://www.dtnpf.com

Price Gap Widens Between Urea and AnhydrousRuss Quinn : 10/11/2018 at 6:10 AM CDTOMAHA (DTN) --

Retail fertilizer prices tracked by DTN for the first week of October continue to show the slow and steady price increases, a pattern that's been in place for several months. For the fourth week in a row, all eight major fertilizer prices are higher compared to a month earlier.As has also been the case the last four weeks, one fertilizer had a substantial move higher. Urea prices are 6% higher compared to the first week of September. The nitrogen fertilizer had an average price of $389/ton.At $501/ton, it's the first time since DAP prices have crossed the $500/ton mark since the third week of December in 2015. At that time the price was at $519/ton.The remaining six fertilizers were all higher in price than last month, but the price moves were less noteworthy. MAP had an average price $523/ton, potash $364/ton, 10-34-0 $451/ton, anhydrous $488/ton, UAN28 $237/ton and UAN32 $279/ton.On a price per pound of nitrogen basis, the average urea price was at $0.42/lb.N, anhydrous $0.30/lb.N, UAN28 $0.42/lb.N and UAN32 $0.44/lb.N.Higher fertilizer prices are catching the attention of nearly everyone this fall. In a post from the Agricultural Economic Insights newsletter, David Widmar points out most retail fertilizer prices have been higher in recent months.